Down the line, many hope that what Occupy has failed to accomplish, hard-nosed prosecutors might be able to provide: a measure of justice for the millions of aggrieved homeowners either forced out in foreclosure.

San Bernardino and other counties are drowning in debt from a crisis created when Wall Street's real estate securitization bubble burst. By using eminent domain, they can clean up the destruction of their land title records and 400 years of real property law.

The banksters have no legal claim on the homes they are foreclosing. Foreclosure is theft. Any bank that used MERS has no legal claim on property -- there are 65 million such mortgages to which no bank has a legal claim to foreclose.

* JPM, BofA and Wells Fargo partially settle NY lawsuit * Citi, Ally Financial also part of $25 mln deal * Banks did not...

Three big banks were hit on Friday with yet another lawsuit related to wrongful foreclosures. Democratic New York Attorney General Eric Schneiderman f...

Here are four reasons why California Attorney General Kamala Harris and her colleagues must reject this proposal.

Homeowner advocates and activists have long argued that mortgages transferred via the MERS system but not recorded with local registries of deeds are invalid. And now Martha Coakley agrees.

As I predicted two weeks ago, MERS would be dead within weeks. Judge Grossman has driven the final stake through its black heart.

Buyers of property at foreclosure are looking for a bargain, but that risk now must include the possibility that the title will be defective.

MERS will not survive more than a few short weeks. It has virtually no employees, no loss reserves, no capital. Its record-keeping is a joke. And it is all that is standing between the biggest banks and Armageddon.

In the past, a bank representative or attorney for the bank would walk into court, point out that the "deadbeat homeowners" weren't paying their mortgage and the family would get kicked out. But that may have finally changed.

It is clear now that the banks have got to take the whole lot of toxic waste securities back. Trillions of dollars worth. The banks are toast. There is no cooking of the books that will turn this blackened toast back to bread.

By design, Wall Street created a home finance system that is both unable to accommodate borrower distress and that is strongly incentivized to foreclose as soon as possible.

The destruction of mortgage notes and the creation of falsified documents by "Burger King" robo-signers probably wasn't planned back in 1999. But it is still go-to-jail fraud.

Assuming an average of 500 mortgages per week, this year alone, Southern Essex County has lost a potential $1.95 million in recording fees because of the MERS system of "avoiding" recording assignments.

Despite overwhelming evidence of widespread lawbreaking, there's still a popular point of view that says fraudulent foreclosures are "a technicality" and what we're seeing is neither a systemic problem nor a crime wave of epidemic proportions. Actually, it's both.

At the center of the foreclosure fraud crisis lies something called "MERS," which is usually described in news reports as a computer system and database. But if you do some digging, you find it's much more than that.

Looming losses from ForeclosureGate qualify as the sort of systemic risk warranting the breakup of the too-big-to-fail banks under the Financial Reform Bill.

For all the headlines given to foreclosure affidavits and robo-signing virtually no one has mentioned the real point, the idea that the affidavits themselves may not prove loan ownership regardless of how they were signed.

UPDATE: An Obama administration official tells HuffPost that the White House has 'concerns' about the bill. Challenging foreclosures could become mor...